LEONES
Long

Natgas continues its parabolic ascent

NYMEX:NGM2013   NATURAL GAS FUTURES
203 2 0
Interesting price action on Friday with intraday low touching the lower parallel line and double cross of the 20MA. Bullish signal for me. Gas seems also moving in the opposite direction of Crude Oil             . Reward/Risk 1.5 not bad, I'm considering this long on Monday and short Crude on Tuesday. Target around 4.53.
Update: Stopped at a loss. Market didn't manage to trade above 4.45 resistance. Trend is changed.
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Update Natgas 4% up:
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